- Bitmine buys 276.8K ETH, enhances market position.
- Targeting 5% Ethereum supply control.
- Ethereum price and market stability impacted.
Bitmine Immersion Technologies purchased 446,255 ETH in September 2025, joining institutional efforts to accumulate Ethereum, and now holds over 2.1 million ETH valued above $9.2 billion.
This acquisition by Bitmine impacts Ethereum’s market dynamics, triggering a 3% price surge and significant trading volume increases, reflecting institutional interest and market speculation.
Introduction
Bitmine Immersion Technologies has reportedly purchased 276.8K ETH in September, marking a strategic move to acquire dominance over the Ethereum market. This acquisition aims to control 5% of the total Ethereum supply, reshaping market dynamics.
Involving key leadership under Chairman Thomas Lee, Bitmine Immersion Technologies has significantly boosted its Ethereum holdings. This aligns with their vision to establish Ethereum as a long-term store of value, similar to MicroStrategy’s Bitcoin approach. OnchainLens also reported this significant acquisition effect on market strategies.
Market Impact
The immediate market effects include a strong surge in the value of Ethereum, with prices rising by 3% following the acquisition. The move also pushed trading volume up by 38%, showcasing heightened investor interest and market activity.
This substantial accumulation impacts not only market prices but also feathers in increased speculation, as seen in rising futures open interest. Institutional players are responding with rising net inflows into Ethereum-based ETFs.
Future Projections
Industry analysts anticipate prolonged effects on Ethereum’s supply structure and valuation from this acquisition. This may spur similar strategies by other institutions, emphasizing Ethereum’s deflationary potential and appeal post-EIP-1559.
Financial experts propose that this move will bolster Ethereum’s position as a leading asset in the cryptocurrency market. Historical parallels with previous large cryptocurrency accumulations suggest possible significant shifts in market behavior and strategic planning. As Chairman Thomas Lee remarked, Bitmine is focused on the “alchemy of 5%”—reflecting the ambition to secure 5% of ETH supply as a structural market strategy, reducing circulating ETH and exerting durable price support.
| Disclaimer: The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions. |